Dogecoin (DOGE) is the original memecoin. The asset launched in December 2013 and has come a long way in its 11-year history. DOGE’s price went “to the moon” during the 2021 bull run. Early investors made generational wealth with small investments.
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A Mere $140 Investment In Dogecoin Would Have Made You A Millionaire
DOGE was at its lowest on May 6, 2015, and hit an all-time high of $0.7316 on May 8, 2021. If You Invested $140 in the memecoin when it was at its lowest and sold when it was at its peak, you would have made more than $1 million in profit. Your investment would have grown by 756,170%.
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On the other hand, if you continued to hold the $140 worth of DOGE till today, the investment would have been worth $513,574.25. In this scenario, your investment would have grown by 366,738.75%.
Can You Still Become A Millionaire With The Memecoin?
Many believe that the Dogecoin (DOGE) boat has already sailed. Others think there is still plenty of room for the memecoin to grow.
DOGE could witness a massive rally this year. US President Donald Trump has approved the creation of the Department Of Government Efficiency (D.O.G.E.) with Elon Musk at its head. Musk is one of the biggest DOGE supporters globally and was the one who recommended the creation of D.O.G.E.
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There is also a lot of talk about DOGE being included in X’s payment feature. If the social media platform enables DOGE payments, it could lead to a massive surge in adoption and, consequently, price.
If DOGE enters another 2021-like rally, we may witness the creation of many more millionaires.